Career After Graduation
Career Options You Can Choose After Graduating In Commerce
At a stage when you are going to complete your graduation in commerce or have just completed it, the first thing that comes to your mind is –
What should I do now?
Here are a few career options you can pursue after completing your graduation in commerce.
1. Chartered Accountant (CA) or Company Secretary (CS):
Most students take up commerce just to become a CA or CS. It is one of the best career options for all commerce students. There is a high demand for CAs and it opens up more opportunities, especially in business.
Chartered accountants can make a career in Banking (Private & Government), Public Limited Companies, Auditing Firms, Finance Companies, Legal Firms, Mutual Funds, broking Firms, Patent Firms, Investment Houses, Copyright Registers etc.
2. Lecturer/Professor:
After completing your graduation, you can pursue a Master’s degree and then apply for the National Eligibility Test. The NET is conducted to determine the eligibility for Junior Research Fellowship Award or Assistant Professor.
A lecturer’s job provides a stable salary and gives you a chance to constantly increase your knowledge.
3. Banker:
To become a banker, you need to complete an internship and an investment banking program to get a license. An MBA degree improves your career options.
Bankers give their customers a wealth of services. They assist in initial banking requests such as setting up certificates of deposit and opening a checking or savings account as well as handling trusts, investment accounts, deposits, lines of credit and much more.
A banker should have good communication skills, love to help people, good in sales marketing knowledge, multi-tasking proficiency.
4. Human Resource Development Management:
Students of B. Com. can also pursue a Masters in Human Resource Management. HR officials assess policies relating to personnel management and describe the effects of these policies on roles and operations within the company.
There are different career opportunities available for HR like: Administrative Services Manager, Labour Relations Specialist, Human Resources Specialists, Training and Development Managers etc.
5. Legal Adviser/Attorney:
No doubt, a law degree has a good career scope. But you have to gain experience first to understand the profession and skills required to become a lawyer
You need to get a Bachelors Law Degree or LLB recognized by Bar Council of India to practice law in India.
To pursue a 3-year LLB course, the minimum eligibility is s Bachelor’s degree with at least 50% marks. There is no age limit.
6. Chief Accountant/Chief Internal Auditor:
Again, one more good career choice for commerce graduates is Institute of Cost & Works Accountants of India (ICWAI).
After completing your ICWAI course, you can pursue M.Phil. or PhD or join as a Financial Controller, Cost Controller, Chief Internal Auditor and Chief Accountant etc.
There are different levels of Cost Accountancy: Foundation, intermediate and final examinations and three years of practical training.
7. Certified Management Accountant (CMA):
The CMA is offered by the Institute of Management Accountants (IMA) USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA).
The required skills for CMA are financial planning, analysis, control, decision support, and professional ethics.
The certification is the most popular management accounting certification not only in the US but also in the fastest developing regions like China and the Middle East.
8. Market Researcher:
The work of a market researcher is to study the market trend, market competitors before launching any new product.
There are different works of a market researcher, like: meeting and liaising with clients to negotiate and agree on research projects.
Analysing and interpreting data to identify patterns and solutions, including surveys and focus group transcript.
Further, they can become research executive, senior researcher, account director etc.
9. Government Jobs:
Government jobs are the best in terms of job security. Most government jobs have fixed working hours, good pay structure, less work stress.
With this, you can enjoy perks and benefits like medical, housing, loans, childcare, lots of holidays etc.
After completing your B.com, you can apply for most of the competitive government job exams because the minimum eligibility criterion is graduation. You can apply for Civil Services Exams (IAS, IES, IPS), SSC CGL, Railway RRB Exams, Banking Exams (IBPS PO, IBPS Clerk, SBI PO, RBI etc.)
A candidate with B.Com can submit an application to various jobs under the UPSC, SSC, IFS, Banks, Postal service, Railways, Defence, and State PCS etc.
10. Central Government Jobs after B.Com
Most of the Central government job vacancies are filled by the UPSC examinations. There are various exams, depending up on the grade and posts. The UPSC’s highest grade of examinations which a B.com graduate can appear is the IAS, IFS, IPS and other central government services. The SSC also hold different tests as to fill the vacancies in different government organizations like Accounts assistant, Tax assistant, Grade III Exam, Combined Metric Level and Combined Graduate Level Exam etc.
11. Public Sector Banking Jobs after B.Com
The Indian banking sector is another main recruiter of B.Com graduates. This sector offers huge number of employment opportunity to students. Most of the Banks offer a decent pay and secured job to graduates. Some of the openings available to a B.Com graduate in a Bank are Clerical to Probationary officer posts. Most of these banks carry out an entrance test in order to employ qualified candidates. There will also be another round of interview in the recruitment process. As to apply for the PO jobs, candidates need to have more than 60% of marks.
Jobs in Indian Railways after B.Com
Railway Recruitment Board carries out different examinations for employing qualified candidates to the RRB, for which a B.com graduate can apply for. The railway offers very good career opportunities to graduates. A B.com graduate can join in the railway as Assistant Accounts Officers and climb the ladder through department exams and grade promotion to Divisional Accounts Officers, Senior Divisional Accounts Officers till Chief Accounts Officer.
12. Jobs in Indian Defence after B.Com
In the Defence sector the candidates with a B.Com graduation can join in the Indian Defence Accounts Service (IDAS) which is the concerned authority for maintaining the accounts of the Defence. A graduate can enter in to the service at the entry level as an Assistant Controller of Defence Accounts.
How to prepare for all these exams
As to prepare for the government Competitive exams a candidate need to first make his or her basic fundamentals strong. Each of these will have different syllabus and pattern, which the students need to get familiar with. Practice with previous years question papers of different competitive exam in order to be familiar with the pattern. Try to divide the subjects in to various segments and study thoroughly. Also try to complete the subjects which are most familiar and then get better in the weaker subjects. Students can join one of coaching centers near their area to get systematically trained for each of the exam.